Jammu Tawi, March 20 -- Senior Congress leader and MLA Batamaloo, Tariq Hameed Karra on Wednesday raised concerns over the alleged financial mismanagement in Jammu and Kashmir, citing the findings of the Comptroller and Auditor General (CAG) report.

In the ongoing budget session of the J&K Legislative Assembly, Karra questioned over understated deficits, mounting liabilities, and misclassification of expenditures, which, he said, raise questions over fiscal transparency in the Union Territory.

Karra, while referring to the CAG report, highlighted that the revenue deficit was understated by Rs 200.29 crore, while the fiscal deficit was misreported by Rs 41.53 crore. He pointed out that such discrepancies indicate a lack of accuracy in f...